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Covestro AG (1COV.DE)

XETRA - XETRA Delayed price. Currency in EUR
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54.64+0.28 (+0.52%)
At close: 5:35PM CEST

Covestro AG

Kaiser-Wilhelm-Allee 60
Leverkusen 51373
Germany
49 214 6009 2000
http://www.covestro.com

Sector(s)Basic Materials
IndustrySpecialty Chemicals
Full-time employees16,395

Key executives

NameTitlePayExercisedYear born
Dr. Markus SteilemannCEO & Chairman of Management Board3.15MN/A1970
Dr. Thomas ToepferCFO, Labor Director & Member of Management Board1.8MN/A1972
Dr. Klaus SchäferCTO & Member of Management Board1.53MN/A1962
Ms. Sucheta GovilChief Commercial Officer & Member of Management Board1.42MN/A1963
Mr. Ronald KoehlerHead of Investor RelationsN/AN/AN/A
Dr. Joachim H. WolffHead of Polyurethanes Bus. UnitN/AN/A1952
Mr. Daniel MeyerHead of Polyurethanes (PU) SegmentN/AN/A1967
Ms. Michelle B. B. JouHead of Polycarbonates SegmentN/AN/A1969
Mr. Michael FriedeHead of S Coatings, Adhesives, Specialties SegmentN/AN/AN/A
Mr. Uwe ArndtHead of MDI SiteN/AN/AN/A
Amounts are as of 31 December 2020, and compensation values are for the last fiscal year ending on that date. Pay includes salary, bonuses, etc. Exercised is the value of options exercised during the fiscal year. Currency in EUR.

Description

Covestro AG develops, produces, and markets polymer materials for various industries. The company operates in three segments: Polyurethanes; Polycarbonates; and Coatings, Adhesives, Specialties (CAS). The Polyurethanes segment develops, produces, and markets chemical precursors, such as diphenylmethane diisocyanate, toluene diisocyanate, and polyether polyol, which are used primarily in the furniture, construction, and automotive industries. The Polycarbonates segment provides high-performance plastic polycarbonates in the form of granules, composite materials, and semi-finished products for use in the automotive, construction, electrical and electronic, medical technology, and lighting industries. The CAS segment offers precursors for coatings, adhesives, and sealants, as well as specialties. This segment also provides polymer materials and aqueous dispersions for use in automotive and transportation, infrastructure and construction, wood processing, and furniture applications. The company markets its products through trading houses and distributors. It operates in Europe, the Middle East, Africa, Latin America, the United States, Canada, and the People's Republic of China. The company was founded in 1863 and is headquartered in Leverkusen, Germany.

Corporate governance

Covestro AG’s ISS governance QualityScore as of 1 July 2021 is 2. The pillar scores are Audit: 3; Board: 3; Shareholder rights: 1; Compensation: 1.

Corporate governance scores courtesy of Institutional Shareholder Services (ISS). Scores indicate decile rank relative to index or region. A decile score of 1 indicates lower governance risk, while 10 indicates higher governance risk.